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  1. Deals Analysis
November 8, 2019

Top ten construction sector M&A financial and legal advisers for Q1-Q3 2019 revealed

JP Morgan was the leading financial adviser globally for mergers and acquisitions (M&A) in Q1-Q3 2019 in the construction sector, according to GlobalData.

JP Morgan was the leading financial adviser globally for mergers and acquisitions (M&A) in Q1-Q3 2019 in the construction sector, according to GlobalData.

The investment bank left behind its counterparts Morgan Stanley, Rothschild & Co and Citi to lead the table with 19 deals worth $25.4bn.

JP Morgan took the top spot in GlobalData’s recently released global league table of top 20 M&A financial advisers.

Morgan Stanley occupied the second position with 12 transactions worth $25.3bn, followed by Rothschild & Co with 22 transactions worth $14.5bn.

GlobalData has published a top ten league table of financial advisers ranked according to the value of announced M&A deals globally. If the value remains the same for multiple advisers, deal volume is given weighting.

The construction sector saw a decline in the value of deals in Q1-Q3 2019 when compared with Q1-Q3 2018. The overall deal value plunged by 54.63% from US$ 324.87bn in Q1-Q3 2018 to US$147.38bn in Q1-Q3 2019. However, deal volume increased by 7.94% from 1,876 to 2,025.

GlobalData financial deals analyst Ravi Tokala says: “M&A activities in the construction sector continue to trend downward in Q1-Q3 2019 and almost all the top advisers by value advised less than 15 deals, except Rothschild & Co and JP Morgan, which managed to work on 22 and 19 deals, respectively.  The absence of mega deals and less than 35 deals crossing $1bn value led to a major drop in overall deal value in the construction sector.”

Singapore-based Allen & Gledhill topped the list of top ten legal advisers by value with four deals worth $9.3bn. However, the company did not figure in the global league table of top 20 M&A legal advisers.

Clifford Chance, which stood at the second position with 12 deals worth $8.4bn in the sector table, was ranked 17th in the global league table.

GlobalData’s league tables are based on the real-time tracking of thousands of company websites, advisory firm websites and other reliable sources available on the secondary domain. A dedicated team of analysts monitors all these sources to gather in-depth details for each deal, including adviser names.

To ensure further robustness to the data, the company also seeks submissions from leading advisers, through adviser submission forms on GlobalData’s website.

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Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

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